California regulator reveals what Ocwen did wrong

Ocwen Financial announced late last week that it successfully extricated itself from the #mortgage servicing restrictions placed on it by the California Department of Business Oversight. The final settlement total was nearly $200 million more than Ocwen reserved for. So why was it so much higher than previously thought? Turns out that Ocwen’s operations weren’t exactly squeaky clean for the last few years. http://www.housingwire.com/articles/39265-california-regulator-reveals-what-ocwen-did-wrong ❤️ #share #mortgage

Advertisements